Oil in focus as OPEC decides on oil production cut

November 30, 2016

The Organization of the Petroleum Exporting Countries is meeting today in Vienna, Austria. The price of crude oil is rallying following Iran’s oil minister statement that an oil-production cut deal is ‘highly likely’.

As of 09:19 GMT, WTI Crude Oil (CL) is trading at $47.44 (up 4.90%). Volatility is anticipated to be high regardless of OPEC’s outcome whether they cut the production of oil or not.

If you think WTI Crude Oil (CL) will go up click on the BUY button, or if you think it will go down, click on the SELL button.

For General Information only.
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Not intended to provide Trading or Investment Advice.

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